Its not being manipulated.The market doesnt lie.Its easy to see why its trending down along with equities in general and especially gold.The reason is the rally in the US$ and the demise of the carry trade.money is going back to the US$ as a safe haven in the face of a weakening US economy.If the rally in the US$ continues U will see further weakening of gold,uranium and equities.The big drop on monday was a classic reflection of what Im pointing out.While no one can predict where we are going, the stockmarket looks like an increasingly risky place to be.The uranium story is a good one and PEN may well do OK but it wont happen overnite and there is no catalyst to pump up PEN currently and no dark forces,except those of the market, to push it down.Sorry to appear bearish about your stock and I have no vested. interest in it.
PEN Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
